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Thread: Warren Buffett just dropped Walmart and...

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    Default Warren Buffett just dropped Walmart and...

    Warren Buffett just dropped Walmart and signaled the death of retail as we know it

    Warren Buffett's Berkshire Hathaway just sold off $900 million of Walmart stock, choosing to invest billions in airline stocks instead.

    The sale, which leaves Buffett with nearly no shares in Walmart, comes as America's largest traditional retailer has been rushing to catch up to Amazon and other online competitors. Amazon's market value is now $356 billion, compared with Walmart's $298 billion.
    Warren Buffett just dropped Walmart and signaled the death of retail as we know it


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    Default Re: Warren Buffett just dropped Walmart and...

    WMT up 58% since this post.

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    Default Re: Warren Buffett just dropped Walmart and...

    Quote Originally Posted by Bullitt View Post
    WMT up 58% since this post.
    I don't know his holdings, and somehow I doubt he owns Amazon, but in comparison, AMZN was up 149% during that same time. I wonder how those airlines stocks did in Walmart's place.

    Warren Buffett's Berkshire Hathaway just sold off $900 million of Walmart stock, choosing to invest billions in airline stocks instead.

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